Across
- 4. lowers the value of a nation's currency relative to others
- 5. taxes on imports
- 6. the movement of goods and services among nations without political or economic barriers
- 7. a contractual agreement whereby someone with a good idea for a business sells others the rights to use the name and sell a product/service in a given area
- 9. government policies aimed at shielding a country's industries from foreign competition
- 11. an advantage a country has a monopoly on producing a specific product or is able to produce it more efficiently than all other countries
- 13. buying products from another country
- 18. purchasing goods and services from sources outside a firm rather than providing them within the company
- 19. selling products in a foreign country at lower prices than those charged in the producing country
Down
- 1. an advantage a country should sell the products it produces most efficiently and buy from other countries the products it cannot produce as efficiently
- 2. when the value of a country's exports is more than that of its imports
- 3. complex form of bartering in which several countries each trade goods or services for other good or services
- 8. a complete ban on the import or export of certain product or the stopping of all trade with a particular country
- 10. politically motivated embargoes that revoke a country's normal trade relations status
- 12. selling products to another country
- 14. tariff that raises money for governments
- 15. a limit on the number of products in certain categories that a nation can import
- 16. tariff that raises the retail price of imports so domestic goods are competitively priced
- 17. when a firm provides the right to manufacture its products or use its trademark to a foreign company for a fee
- 19. an unfavorable balance of trade